Tough year ahead for bonds as outflows continue

Jan 2, 2014

Investors took $3.4bn out of EM bond funds in the two weeks to December 25, bringing year-to-date outflows to $14.04bn, according to Barclays. That came as issuers and bankers braced for a tough 2014 after a string of record years for debt sales. Borrowing costs started to rise in the second half of last year, and the US Federal Reserve started tapering...